Following a successful campaign that included outreach to the crypto industry, former US President Donald Trump is set to reclaim the White House, having garnered sufficient electoral college votes to defeat Vice President Kamala Harris. This development is anticipated to usher in a more permissive regulatory climate for crypto in the world's largest economy. Although crypto was not a central issue in this election cycle, Trump made concerted efforts to court the industry, including speaking at a bitcoin conference and making public statements that resonated with the sector.
In contrast, Harris offered limited insights into her views on the industry. With Trump's victory, the crypto industry is likely to experience a shift in regulatory oversight, potentially leading to eased restrictions and increased growth opportunities.